Telstra CEO Calls Broadband Deal 'Achievable'

By

Lyndal McFarland

May 19, 2010 11:12 a.m. ET

SYDNEY—Telstra Corp. Chief Executive David Thodey said Wednesday that a deal on the Australian government's planned A$43 billion (US$37 billion) national broadband network is "achievable" and constructive talks with Canberra and NBN Co. are continuing.

Even so, he stressed that Telstra wouldn't agree to any deals that don't make financial sense for its shareholders. "For Telstra, the NBN negotiation is purely...